Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
Shareholders in BigAir Group Limited (the “Company”) voted in favour of the scheme of arrangement (the “Scheme”) giving effect to the merger with Superloop Limited (“Superloop”) at a meeting held on Wednesday, 7 December 2016. The Scheme was approved by order of the Federal Court of Australia at the second court hearing held on Friday, 9 December 2016.
Under the Scheme, Company shareholders will receive consideration of either:
all Superloop shares, being 0.371 new Superloop shares for each BigAir share held (“Scrip Consideration”); or
cash and Superloop shares , being a combination of $0.70 in cash payable on completion of the Scheme and 0.118 new Superloop shares for each BigAir Share held (“Mixed Consideration”),
(together the “Scheme Consideration”).
The following timetable applies to the Scheme:
DATE |
EVENT |
Friday, 9 December 2016 |
Second court date for approval of the Scheme Effective date – Court order approving the Scheme lodged with ASIC and ASX Securities in the Company are suspended from trading on ASX at close of trading (ASX Code: BGL) |
Monday, 12 December 2016 |
New Superloop shares commence trading on ASX on a deferred settlement basis (ASX Code: SLCN) |
Wednesday, 14 December 2016 |
Record date for determining entitlement to Scheme Consideration |
Wednesday, 21 December 2016 |
Implementation date for the Scheme – Payment of cash consideration and issue of new Superloop shares |
Thursday, 22 December 2016 |
New Superloop shares commence trading on a normal settlement basis (ASX Code: SLC) |
Wednesday, 28 December 2016 |
Settlement of all on-market trades conducted on a deferred settlement basis from 12 to 21 December 2016 (inclusive), and first settlement of trades conducted on a T+2 basis. |
What do I need to do by when?
For full details of the Scheme, refer to the Company’s recent announcements including the Scheme Booklet released to the market on 28 October 2016.
Need more information?
Issued by
Johanna O’Shea, Adviser Listings Compliance
Contact information
Johanna O’Shea
+61 (02) 9227 0000
info@asx.com.au